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- #46
Gap insurance? Lol. It’s like what $300-400 if you’re smart and don’t use the dealer. Nobody finance anything, gap will bankrupt you!Those individuals also don't understand the additional cost of gap insurance.
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Gap insurance? Lol. It’s like what $300-400 if you’re smart and don’t use the dealer. Nobody finance anything, gap will bankrupt you!Those individuals also don't understand the additional cost of gap insurance.
EXACTLY. it’s all about the equation. I’m putting 10+ Down too; and if some dude from some outta state CU wants to give me a bonkers % on an 84 then I might just do it. It won’t be upside down at any point at 12k miles per year.I’m putting 10k+ down, so I don’t think 84 months is that terrible
Dang, chill out my guy, lmao I’m not waiting for anyone to tell me anything, I’m trying to help others out, if you not offering help like the others don’t reply to this thread, lolOk, here’s my positive addition:
If you need to finance a car for 84 months, you can’t afford it. No one likes to hear the truth but whatever. At least I can tell it the way it is.
WHY encourage someone that 84 months is the way to go when a vehicle depreciates 50% off the lot??
Honestly, OP, if someone is really telling you - 72/84 finance is for you, you’re just waiting for someone to tell you what you want to hear so you can justify an buying depreciating liability.
His response was probably one of the more helpful responses on this thread.Dang, chill out my guy, lmao I’m not waiting for anyone to tell me anything, I’m trying to help others out, if you not offering help like the others don’t reply to this thread, lol
Thanks but no thanks !
Lol okay, another one,His response was probably one of the more helpful responses on this thread.
I bet you're a blast at parties... I always take financial advice from random internet millionairesOk, here’s my positive addition:
If you need to finance a car for 84 months, you can’t afford it. No one likes to hear the truth but whatever. At least I can tell it the way it is.
WHY encourage someone that 84 months is the way to go when a vehicle depreciates 50% off the lot??
Honestly, OP, if someone is really telling you - 72/84 finance is for you, you’re just waiting for someone to tell you what you want to hear so you can justify an buying depreciating liability.
..I've never had a loan more than 60 months,and paid most of them off early..but I do like the idea of 84 months,if you're going to finance...with 84 months,you get the smallest ,monthly payment..in this environment,where jobs could be suspended at any time...you have a chance to keep your ride...you can double up,or triple up your payment every month ....if you need it...the convenience is there...I'm going to try and get 1.9% with Ford Credit..84 months ????
No it wasn’t...His response was probably one of the more helpful responses on this thread.
I get you think you are trying to make a point but to say something like a vehicle depreciates 50% off the lot is plain stupid...Ok, here’s my positive addition:
If you need to finance a car for 84 months, you can’t afford it. No one likes to hear the truth but whatever. At least I can tell it the way it is.
WHY encourage someone that 84 months is the way to go when a vehicle depreciates 50% off the lot??
Honestly, OP, if someone is really telling you - 72/84 finance is for you, you’re just waiting for someone to tell you what you want to hear so you can justify an buying depreciating liability.
These car loans being stretched out farther and farther to get the monthly payment affordable for people. Getting them into an $80k truck when they make $80k a year.I get you think you are trying to make a point but to say something like a vehicle depreciates 50% off the lot is plain stupid...
Personally I wouldn’t finance a vehicle for 84 months but to say you can’t afford it is also plain stupid..
I’ve got a lot of construction friends buying $80-90k trucks and are going 84 months. I am pretty damn confident they are financially savvy and doing just fine...
Okay mr. millionaire, thanks for the adviceThese car loans being stretched out farther and farther to get the monthly payment affordable for people. Getting them into an $80k truck when they make $80k a year.
reminds me of the 2007 housing loan market. That didn’t turn out to great.
Just saying I see a lot of similarities...